Introduction of the Turkey Internet of Things Market Report

Internet of Things refers to the connection of several devices to the internet by using software and embedded sensors for exchanging data, collecting, and communication between each other. IoT helps in building a virtually endless array of connections and opportunities at the workplace by combining devices, sensors, and people to enable the free flow of conversation between hardware and software. The Turkey Internet of Things market covers a wide range of applications which include smart manufacturing, smart energy & utilities, government and defense, smart retail, and other applications.

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Market Dynamic

Key Drivers and Emerging Trends

The internet of things market (IoT) in Turkey is witnessing strong growth over the coming years. The continuous development of wireless networking technologies, along with the increasing adoption of the cloud platform, are the two major factors that are responsible for the growth of the market over the coming years. In addition to this, the arrival of advanced processing and data analytics is further contributing to the market growth. Moreover, the leading companies in the country are focusing on expanding their presence in order to cater to the changing demand of the individuals. For example, in 2018, the UK-based telecom group, Vodafone Spain, announced its plan to expand its location across various nations with more than 25,000 inhabitants. Apart from Europe, the company expanded its existing NB-IoT networks in South Africa and Turkey.

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The government of Turkey introduced its 2013-2023 action plan, in which the Ministry of Transport & Infrastructure in Turkey stated its plan to introduce smart traffic systems that changes according to the vehicle speed and digital bus stop and traffic signals. Furthermore, Turkey is the third most populated city which has deployed a full-time integrated traffic management to increase road safety. This factor will increase the implementation of the Internet of Things in different sectors, thus propelling the market growth. The government has also introduced Turkey’s Strategic Vision of 2023, with an aim to give importance to ICTs in order to achieve the UN’s 2030 Agenda for Sustainable development and the SDGs. The main objectives are to expand the economy to rank among the top ten global countries, transform the nation into a knowledge based society, develop an intercontinental hub for ICTs and improve the ICT-based economic growth. Thus, the rising focus on expanding ICT sector will open new opportunities for the growth of the IoT market in Turkey. The country is emphasizing its 5G evolution and operators in the country are conducting 5G trails. 5G involves huge investment amounting to approximately EUR 40 million and Turk Telekom, Turkcell, and Vodafone Turkey which are among the major investors in the network.

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The Turkey internet of things market is categorized on the basis of End-Use Sector, Category, and technology. Based on End-Use Sector, the market is segmented into manufacturing, automotive, agriculture, retail, healthcare, transportation & logistics, and others. Based on Category, the market is segmented into device hardware, systems integration, software solutions, and network connectivity. Based on technology, the market is segmented into sensors, networks, standards, augmented intelligence, and augmented behavior.

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Key questions answered in this research report:

• • At what pace is Turkey Internet of Things market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Turkey Internet of Things market? What will be the impact of market drivers and market restraints in the future?
  • Which technology generated maximum revenues in 2019 and identify the most promising technologies during the forecast period?
  • What are the various end use sectors of Turkey Internet of Things market and how they are poised to grow?
  • What companies are the major participants in Turkey Internet of Things market and their business strategies, how does the competitive landscape look like?

 

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By End-Use Sector, By Category and By Technology
Regional Coverage	Europe,
Companies Profiled	Profiles of Top 10 Major Companies Operating in “Turkey Internet of Things Market”
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Turkey Internet of Things Market by End-Use Sector

• • Manufacturing
  • Automotive
  • Agriculture
  • Retail
  • Healthcare
  • Transportation & Logistics
  • Others

Turkey Internet of Things Market by Category

• • Device Hardware
  • Systems Integration
  • Software Solutions
  • Network Connectivity

Turkey Internet of Things Market by Technology

• • Sensors
  • Networks
  • Standards
  • Augmented Intelligence
  • Augmented Behavior